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Bank Mutual Corporation Announces Increase In Quarterly Cash Dividend

MILWAUKEE, Aug. 5, 2013 /PRNewswire/ -- Bank Mutual Corporation (NASDAQ: BKMU) announced today that its Board of Directors declared a quarterly cash dividend of $0.03 per share, which represented a $0.01 or 50% increase from the dividend declared in the previous quarter. The cash dividend will be paid on August 30, 2013, to shareholders of record on August 16, 2013.

This cash dividend is the fifty-first quarterly cash dividend paid by Bank Mutual Corporation since becoming a capital stock organization in 2000. Bank Mutual Corporation is the third largest banking institution headquartered in the state of Wisconsin, with assets at June 30, 2013, of $2.4 billion. Its subsidiary bank, Bank Mutual, operates 75 offices in the state of Wisconsin and one office in Minnesota.

SOURCE Bank Mutual Corporation

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Looking at the universe of stocks we cover at Dividend Channel, on 2/11/15, Bank Mutual Corp will trade ex-dividend, for its quarterly dividend of $0.04, payable on 2/27/15. As a percentage of BKMU's recent stock price of $7.02, this dividend works out to approximately 0.57%, so look for shares of Bank Mutual Corp to trade 0.57% lower — all else being equal — when BKMU shares open for trading on 2/11/15.